QTRONICS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
QTRONICS
Largest movements
- Receivables within one year -€43,685
down €43,685 (-90.3%), from €48,397 to €4,712
of which Trade receivables: -€44,093
- Cash -€8,250
down €8,250 (-44.5%), from €18,550 to €10,300
mainly Other debts (-€43,948) and Advances received (-€14,400)
- Other debts -€43,948
down €43,948 (-91.0%), from €48,308 to €4,360
- Advances received -€14,400
no longer reported in 2025 (was €14,400)
- Trade debts +€4,774
up €4,774 (+149%), from €3,206 to €7,979
- Reserves +€2,269
up €2,269 (+22.4%), from €10,107 to €12,376
- Staff costs -€14,829
no longer reported in 2025 (was €14,829)
- Gross operating margin -€13,511
down €13,511 (-65.8%), from €20,528 to €7,017
- Taxes +€2,549
up €2,549, from -€1,725 to €824
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,322 | €64,266 | -€52,056 | -44.8% |
| Fixed assets | 21/28 | €49,357 | €49,250 | -€107 | -0.2% |
| Tangible fixed assets | 22/27 | €49,357 | €49,250 | -€107 | -0.2% |
| Furniture and vehicles | 24 | €107 | - | -€107 | |
| Other tangible fixed assets | 26 | €49,250 | €49,250 | = | 0.0% |
| Current assets | 29/58 | €66,966 | €15,016 | -€51,950 | -77.6% |
| Stocks and contracts in progress | 3 | €18 | €4 | -€15 | -80.8% |
| Stocks | 30/36 | - | €4 | +€4 | |
| Contracts in progress | 37 | €18 | - | -€18 | |
| Amounts receivable within one year | 40/41 | €48,397 | €4,712 | -€43,685 | -90.3% |
| Trade receivables | 40 | €45,052 | €959 | -€44,093 | -97.9% |
| Other amounts receivable | 41 | €3,345 | €3,754 | +€409 | +12.2% |
| Cash at bank and in hand | 54/58 | €18,550 | €10,300 | -€8,250 | -44.5% |
| Total equity and liabilities | 10/49 | €116,322 | €64,266 | -€52,056 | -44.8% |
| Equity | 10/15 | €28,707 | €30,976 | +€2,269 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,107 | €12,376 | +€2,269 | +22.4% |
| Distributable reserves | 133 | €10,107 | €12,376 | +€2,269 | +22.4% |
| Amounts payable | 17/49 | €87,615 | €33,290 | -€54,325 | -62.0% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €66,615 | €12,790 | -€53,825 | -80.8% |
| Trade debts | 44 | €3,206 | €7,979 | +€4,774 | +149% |
| Suppliers | 440/4 | €3,206 | €7,979 | +€4,774 | +149% |
| Advances received on contracts in progress | 46 | €14,400 | - | -€14,400 | |
| Taxes, remuneration and social security | 45 | €701 | €451 | -€250 | -35.7% |
| Taxes | 450/3 | €701 | €451 | -€250 | -35.7% |
| Other amounts payable | 47/48 | €48,308 | €4,360 | -€43,948 | -91.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €500 | -€500 | -50.0% |
| Remuneration, social security and pensions | 62 | €14,829 | - | -€14,829 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €107 | -€93 | -46.7% |
| Other operating charges | 640/8 | €1,707 | €1,714 | +€6 | +0.4% |
| Gross operating margin | 9900 | €20,528 | €7,017 | -€13,511 | -65.8% |
| Operating profit (loss) | 9901 | €3,792 | €5,197 | +€1,405 | +37.0% |
| Financial charges | 65/66B | €1,973 | €2,105 | +€131 | +6.7% |
| Recurring financial charges | 65 | €1,973 | €2,105 | +€131 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €1,819 | €3,093 | +€1,274 | +70.0% |
| Income taxes | 67/77 | -€1,725 | €824 | +€2,549 | |
| Profit (loss) for the period | 9904 | €3,544 | €2,269 | -€1,275 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,544 | €2,269 | -€1,275 | -36.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.